German industrial orders rose just 0.8 percent in September, falling well short of a consensus forecast in a blow to those expecting a rebound after August’s steep fall, and heightening concerns about the health of Europe’s largest economy.
September’s modest monthly rise compared with a Reuters consensus forecast for a 2.3 percent gain.
Bookings from abroad rose 3.7 percent while domestic orders fell 2.8 percent.
The data for August was revised to a 4.2 percent drop from a previously reported drop of 5.7 percent.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.